FirstEnergy Completes $2.5 Billion Convertible Note Offering

An update from FirstEnergy ( (FE) ) is now available.

On June 12, 2025, FirstEnergy Corp. completed a $2.5 billion convertible note offering, issuing $1.35 billion in 3.625% Convertible Senior Notes due 2029 and $1.15 billion in 3.875% Convertible Senior Notes due 2031. The company plans to use approximately $1.2 billion of the net proceeds to repurchase a portion of its outstanding 4.00% convertible senior notes due 2026. This strategic financial maneuver is expected to impact the market price of FirstEnergy’s common stock and the 2026 Notes, as holders may adjust their positions and employ convertible arbitrage strategies, potentially affecting the effective conversion price of the new Notes.

The most recent analyst rating on (FE) stock is a Buy with a $49.00 price target. To see the full list of analyst forecasts on FirstEnergy stock, see the FE Stock Forecast page.

Spark’s Take on FE Stock

According to Spark, TipRanks’ AI Analyst, FE is a Outperform.

FirstEnergy’s solid financial performance and strategic investments drive a strong stock score. Positive earnings call insights and consistent dividend yield further contribute to investor confidence. Technical indicators suggest caution with current market trends, yet the overall valuation remains attractive.

To see Spark’s full report on FE stock, click here.

More about FirstEnergy

Average Trading Volume: 5,201,392

Technical Sentiment Signal: Buy

Current Market Cap: $23.15B

Find detailed analytics on FE stock on TipRanks’ Stock Analysis page.